Tuesday, 8 October 2013

UAE waits on global recovery | The National

UAE waits on global recovery | The National:

"The UAE Minister of Economy said yesterday that higher rates of growth would not be possible until struggling countries around the world resolve their financial crises.

Sultan Al Mansouri said if the UAE was to hit its growth target of 4 per cent this year, it needed positive momentum in overseas economies.

“To be able to grow at a much higher rate, we feel the rest of the world must solve their problems,” he said. “Firstly, looking from outside there has been a lot of misfortune in terms of trying to resolve the financial crisis from countries and places we expected to be more professional in how they address these issues.”"

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